Operational Plan

Operational Plan in Business

An operational plan in business is a comprehensive plan which indicates how a section, a department or a team will give its contributions to achieve the strategic goals of an organization.

The action plans, monitoring plans and the operational plan are the key components of a complete strategic plan. Operational plan never exists as single standalone plan but the key components are incorporated with the other parts of the Strategic Plan.

A detailed examination of strategic and operational planning is provided in this unit moreover it describes the pros and cons of home-based businesses and the concept of roaming entrepreneur.

Various topics named as launching the business, recruiting and engaging the right people, setting up organizational chart and orientation and on-boarding will be discussed in this unit.

On the completion of this unit candidates will be equipped to identify how to improve existing products and services and how to develop new products.